Indian equity benchmarks erased morning gains, halting a four-day gaining streak amid weekly F&O expiry and negative cues from global peers. The NSE Nifty 50 closed 31.65 points, or 0.13%, lower at 24,398.70, while the BSE Sensex fell 104.35 points, or 0.13%, to end at 78,180.72.
Meanwhile, oil markets remained in focus after a vessel was reportedly struck while transiting the Strait of Hormuz, underlining that security risks persist even as shipping through the strategic waterway gradually recovers.
Brent crude traded above $72 a barrel after a modest decline in the previous session, while West Texas Intermediate hovered near $69. According to UK Maritime Trade Operations, a tanker sailing near Limah, Oman, was hit by a projectile that sparked a fire on board. No injuries were reported.
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